Decision details

Cabinet:

1. Agreed to formally endorse the future funding allocation proposals as set out within Section 1.11 of this report, specifically for Dacorum Borough Council as shareholder to formally endorse the interim variation to the Herts IQ financial principles, to direct 100% of surplus funds to support business growth activities over an interim period of financial years 2024/5 to 2027/8.

2. Delegated authority to the Council’s Strategic Director – Place, following consultation with the Portfolio Holder for Place, the Assistant Director (Legal & Democratic Services) and the Chief Finance Officer, to enter into any necessary agreements to document or formalise the revised arrangements including detailed funding allocation proposals and to agree any subsequent variations.